The global home healthcare software market size was estimated to be USD 4.76 billion in 2023 and is expected to reach at USD 12.7 billion by 2033 with a CAGR of 9.34% during the forecast period 2023-2033. Increasing aging population, rising technological advancements, growing prevalence of chronic diseases, surge in adoption of home healthcare products & services, increase in demand for the software used in home healthcare services, rising product launches, and surge in mergers & acquisition within market players are some of the key factors boosting the market growth.
Surge in mergers & acquisition within market players is predicted to boost the market growth during the forecast period. For instance, in May 2022, The Homecare Homebase and Medalogix platforms have been officially included across the home health and hospice business of Aveanna Healthcare.
By Software, Hospice software solutions was the highest revenue-grossing segment in the global home healthcare software market in 2022 owing to the increasing demand for hospice care, growing geriatric population, rising prevalence of chronic diseases, surge in new product development and launches by the market players in the area are further expected to boost the market growth. For instance, in May 2020, Homecare HomebaseSM (HCHB), the leading software for home health and hospice in the country, has collaborated with MUSE Healthcare of St. Paul to deliver improved hospice care during the most crucial stages of a patient's care experience. The new offering utilizes advanced modeling and machine learning to enhance the prediction, preparation, and support provided to hospice patients in the final 7-12 days of their lives. Additionally, Clinical Management is predicted to grow at fastest CAGR during the forecast period owing to the growing need for better healthcare facilities, increasing demand for technologically advanced software.
By Service, Rehabilitation was the highest revenue-grossing segment in the global home healthcare software market in 2022 owing to the surge in number of rehabilitation facilities using home healthcare software, growing demand for rehabilitation treatment for patients suffering from an accident or surgery which can be provided in home settings, increasing demand of continuous therapeutic interventions for people with chronic medical conditions, and rising launch of new software by market players. For instance, in March 2022, Axxess has released Axxess Palliative Care, a standalone software solution dedicated to palliative care. This latest addition is part of Axxess' comprehensive suite of solutions designed for home care organizations. Additionally, Pregnancy care is predicted to grow at fastest CAGR during the forecast period owing to the surge in number of pregnancies and rising demand for home healthcare settings.
By Mode of Delivery, Cloud-based software was the highest revenue-grossing segment in the global home healthcare software market in 2022 owing to the increasing adoption of cloud due to its better customization features, and rising initiatives by major market players. For instance, in November 2022, Google Cloud has unveiled three Healthcare Data Engine (HDE) accelerators in partnership with Hackensack Meridian Health, Lifepoint Health, and other organizations. These accelerators are designed to assist healthcare organizations in tackling key use cases related to health equity, patient flow, and value-based care. Additionally, Web-based software is predicted to grow at fastest CAGR during the forecast period owing to the rising adoption of virtual technologies and growing technological advancements.
By End-user, Homecare agencies was the highest revenue-grossing segment in the global home healthcare software market in 2022 owing to the increasing technological advancements and surge in adoption of home healthcare monitoring. Additionally, Hospice Agencies is predicted to grow at fastest CAGR during the forecast period owing to the rising product launches and growing partnership within market players. For instance, in July 2021, Homecare HomebaseSM (HCHB), a software for home health and hospice, has joined forces with Swift Medical, a global digital wound care leader, to offer integrated solutions that deliver superior, cost-effective care. Swift Medical is now the exclusive preferred wound care technology partner for HCHB, providing an advanced integration offering that simplifies workflows and eliminates duplicate documentation.
North America region is anticipated for the highest revenue share during the forecast period owing to the increasing healthcare infrastructure, growing aging population, rising prevalence of chronic diseases, surge in mergers & acquisitions within market players, and increase in product launches by the key market players. For instance, in February 2020, HospiceWorks Inc. has introduced a new software platform called HospiceWorks, tailored specifically for the hospice industry. This cloud-based software incorporates a sophisticated built-in business rules engine, enabling seamless execution of complex tasks with user-friendly features. Its purpose is to enhance the care teams' ability to provide improved patient care delivery. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the surge in disposable income, rising healthcare expenditure by government bodies, growing technological advancements, increasing investment by major market players, and surge in launch of new platforms. For instance, in March 2023, Fujitsu has unveiled a new cloud-based platform that enables secure collection and utilization of health-related data, aiming to drive digital transformation in the medical sector.
Surge in mergers & acquisition within market players is predicted to boost the market growth during the forecast period. For instance, in May 2022, The Homecare Homebase and Medalogix platforms have been officially included across the home health and hospice business of Aveanna Healthcare.
By Software, Hospice software solutions was the highest revenue-grossing segment in the global home healthcare software market in 2022 owing to the increasing demand for hospice care, growing geriatric population, rising prevalence of chronic diseases, surge in new product development and launches by the market players in the area are further expected to boost the market growth. For instance, in May 2020, Homecare HomebaseSM (HCHB), the leading software for home health and hospice in the country, has collaborated with MUSE Healthcare of St. Paul to deliver improved hospice care during the most crucial stages of a patient's care experience. The new offering utilizes advanced modeling and machine learning to enhance the prediction, preparation, and support provided to hospice patients in the final 7-12 days of their lives. Additionally, Clinical Management is predicted to grow at fastest CAGR during the forecast period owing to the growing need for better healthcare facilities, increasing demand for technologically advanced software.
By Service, Rehabilitation was the highest revenue-grossing segment in the global home healthcare software market in 2022 owing to the surge in number of rehabilitation facilities using home healthcare software, growing demand for rehabilitation treatment for patients suffering from an accident or surgery which can be provided in home settings, increasing demand of continuous therapeutic interventions for people with chronic medical conditions, and rising launch of new software by market players. For instance, in March 2022, Axxess has released Axxess Palliative Care, a standalone software solution dedicated to palliative care. This latest addition is part of Axxess' comprehensive suite of solutions designed for home care organizations. Additionally, Pregnancy care is predicted to grow at fastest CAGR during the forecast period owing to the surge in number of pregnancies and rising demand for home healthcare settings.
By Mode of Delivery, Cloud-based software was the highest revenue-grossing segment in the global home healthcare software market in 2022 owing to the increasing adoption of cloud due to its better customization features, and rising initiatives by major market players. For instance, in November 2022, Google Cloud has unveiled three Healthcare Data Engine (HDE) accelerators in partnership with Hackensack Meridian Health, Lifepoint Health, and other organizations. These accelerators are designed to assist healthcare organizations in tackling key use cases related to health equity, patient flow, and value-based care. Additionally, Web-based software is predicted to grow at fastest CAGR during the forecast period owing to the rising adoption of virtual technologies and growing technological advancements.
By End-user, Homecare agencies was the highest revenue-grossing segment in the global home healthcare software market in 2022 owing to the increasing technological advancements and surge in adoption of home healthcare monitoring. Additionally, Hospice Agencies is predicted to grow at fastest CAGR during the forecast period owing to the rising product launches and growing partnership within market players. For instance, in July 2021, Homecare HomebaseSM (HCHB), a software for home health and hospice, has joined forces with Swift Medical, a global digital wound care leader, to offer integrated solutions that deliver superior, cost-effective care. Swift Medical is now the exclusive preferred wound care technology partner for HCHB, providing an advanced integration offering that simplifies workflows and eliminates duplicate documentation.
North America region is anticipated for the highest revenue share during the forecast period owing to the increasing healthcare infrastructure, growing aging population, rising prevalence of chronic diseases, surge in mergers & acquisitions within market players, and increase in product launches by the key market players. For instance, in February 2020, HospiceWorks Inc. has introduced a new software platform called HospiceWorks, tailored specifically for the hospice industry. This cloud-based software incorporates a sophisticated built-in business rules engine, enabling seamless execution of complex tasks with user-friendly features. Its purpose is to enhance the care teams' ability to provide improved patient care delivery. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the surge in disposable income, rising healthcare expenditure by government bodies, growing technological advancements, increasing investment by major market players, and surge in launch of new platforms. For instance, in March 2023, Fujitsu has unveiled a new cloud-based platform that enables secure collection and utilization of health-related data, aiming to drive digital transformation in the medical sector.
Segmentation: Home Healthcare Software Market Report 2022 - 2033
Home Healthcare Software Market Analysis & Forecast by Software 2022 - 2033 (Revenue USD Bn)
- Clinical Management
- Hospice Software Solutions
- Agency Management
- Tele-Health Systems
- Others
Home Healthcare Software Market Analysis & Forecast by Service 2022 - 2033 (Revenue USD Bn)
- Respiratory Therapy
- Rehabilitation
- Pregnancy Care
- Infusion Therapy
- Skilled Nursing
- Others
Home Healthcare Software Market Analysis & Forecast by Mode of Delivery 2022 - 2033 (Revenue USD Bn)
- On-Premises Software
- Cloud-Based Software
- Web-Based Software
- Others
Home Healthcare Software Market Analysis & Forecast by End-user 2022 - 2033 (Revenue USD Bn)
- Homecare Agencies
- Hospice Agencies
- Private Duty
- Others
Home Healthcare Software Market Analysis & Forecast by Region 2022 - 2033 (Revenue USD Bn)
North America
- U.S.
- Canada
Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Home Healthcare Software Market: Software Estimates & Trend Analysis
8. Home Healthcare Software Market: Service Estimates & Trend Analysis
9. Home Healthcare Software Market: Mode of Delivery Estimates & Trend Analysis
10. Home Healthcare Software Market: End-user Estimates & Trend Analysis
11. Regional Market Analysis
12. North America Home Healthcare Software Market
13. Europe Global Home Healthcare Software Market
14. Asia Pacific Global Home Healthcare Software Market
15. Latin America Global Home Healthcare Software Market
16. MEA Global Home Healthcare Software Market
17. Competitor Analysis
18. Company Profiles
Companies Mentioned
- Netsmart Technologies
- HospiceWorks Inc.
- Medical Information Technology Inc.
- Thornberry Limited
- Aveanna Healthcare
- Delta Health Technologies
- Axxess
- McKesson Corporation
- Allscripts Healthcare Solutions Inc.
- Fujitsu
- Kinnser Software Inc.
- CARECENTA INC.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | August 2023 |
| Forecast Period | 2022 - 2033 |
| Estimated Market Value ( USD | $ 4.76 Billion |
| Forecasted Market Value ( USD | $ 12.7 Billion |
| Compound Annual Growth Rate | 9.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
